Binapani Group

Muniguda is a small town in the Rayagada district of Odisha, India where Gouri, about 30 years old, resides with her husband and two daughters who are about 9 & 12 years old. The lady standing at the extreme left with her hand raised in the photograph is Gouri. In the year 2010, she formed a JLG with four other members of her village to request a loan from Mahashakti Foundation.

Presently, Gouri has two cows and gets about eight liters of milk. She has more than five years experience in this business. Apart from that, she is also purchasing leaves and selling them after turning them into leaf plates. She earns about Rs.7,500/- (INR) per month from her total business. According to Gouri, this amount is not at all sufficient for her to manage the household expenditure as well as her business expenses. So she wants to expand her business to earn some extra income.

She has already received three loans from Mahashakti. This is her fourth loan. With the present loan, she wants to purchase a cow and leaves. Gouri has a dream that one day she will have a big dairy farm.

The other four members of the group, Shakuntala, Dhira, Kuntala and Purnami, are doing the same type of business: purchasing leaves and stitching them to make plates to sell at a higher rate.

Additional Information

More information about this loan

Mahashakti Foundation focuses its work in some of the most underdeveloped districts in Odisha, characterized by poor infrastructure and high levels of poverty. By supporting this loan, you are enabling access to finance for women living in some of India's poorest and most remote areas.

Important note about this loan

Due to Indian government regulations, if you fund this loan, you will not be repaid for at least 3 years. This borrower will likely repay your loan much sooner than that, in which case, the Field Partner may re-loan your funds to help other local borrowers. We want you to be aware of this minimum 3-year waiting period and the associated risks before making a loan to Indian borrowers on Kiva. Learn More >

About Mahashakti Foundation

Mahashakti Foundation is a public charitable trust that provides microfinance and development services in the low-income state of Odisha. Operating in the poorest region of India, the organization strives to serve rural communities, tribal groups and others living on less than USD$1 a day. In addition to microcredit, it also provides micro-savings and micro-insurance products, as well as business development, health, water and sanitation, and food security services.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.